Archive for ‘December, 2008’

MTA Unveils Details Of Proposed Fare Hike Plans

MTA Unveils Details Of Proposed Fare Hike Plans

After months of talk about a fare hike, the MTA has released details about exactly how much fares could go up next summer.
According to the agency, the exact amount of the increase could depend on what kind of MetroCard you buy.
One proposal would raise the $2.00 base fare to $2.25 for pay-per-ride MetroCards, and $3.00 [...]

Court Suspends Newly-Elected Manhattan Judge

Court Suspends Newly-Elected Manhattan Judge

A newly elected Manhattan judge has been suspended before she even takes the bench.
The Court of Appeals suspended New York County Surrogate Court Judge Nora Anderson on Monday until charges against her are resolved.
Anderson is accused of falsifying business records and violating campaign contribution limits.
She was elected in November and was supposed to begin her [...]

Former NYPD Commissioner Bernard Kerik pleads not guilty to tax charges

Former NYPD Commissioner Bernard Kerik pleads not guilty to tax charges

Former NYPD top cop Bernard Kerik pleaded not guilty Monday to new charges of falsifying income tax records and not declaring a BMW luxury car he got as payment for consulting services.
The added charges involve falsifying statements on loan applications and his role in preparing false tax returns for 2002 and 2005. He was initially [...]

Sam Hoyt Pushes high-speed rail on many platforms

Sam Hoyt Pushes high-speed rail on many platforms

Assemblyman Sam Hoyt is gung-ho for getting high-speed rail system to New York.
Hoyt wrote a letter to President-elect Barack Obama, asking for a portion of the proposed $500 billion stimulus package (which includes signifcant funding for infrastructre improvements) to include funding for a high-speed rail between New York City and Buffalo.
Hoyt recently penned an op-ed [...]

Mayor Signs Property Tax and Hotel Tax Increases into Law

Mayor Signs Property Tax and Hotel Tax Increases into Law

Property taxes and hotel rates are set to increase after Mayor Bloomberg grudgingly signed two tax hikes into law yesterday.
Property-tax bills, which were sent out over the last week and are due Jan. 30, will increase by 7 percent, to raise nearly $600 million.
The spike will be offset by the $400 rebates that were mailed [...]

MTA took $500M hit in Wall St. meltdown

MTA took $500M hit in Wall St. meltdown

MTA-managed pension funds have lost approximately $500 million this year because of tanking investments in the Wall Street meltdown, the agency says.
The funds dropped an estimated 25% in value between January and Nov. 30, Metropolitan Transportation Authority Chief Financial Officer Gary Dellaverson said.
While the MTA still can pay retiree benefits, the losses have exacerbated the [...]

MTA Releases Worst-Case Plan, Says Fare Hikes A Must

MTA Releases Worst-Case Plan, Says Fare Hikes A Must

The MTA has said all along it needs to raise fares to close its massive budget gap and now they’re saying just how much those fares could go up.
Under the plan, riders can expect to shell out as much as $3 for a subway or bus fare, along with big increases for weekly or monthly [...]

Hiram Monserrate’s girlfriend pushes prosecutors to drop assault charges

Hiram Monserrate’s girlfriend pushes prosecutors to drop assault charges

Hiram Monserrate’s girlfriend wants prosecutors to drop assault charges against the embattled Queens pol, despite telling cops last week that he slashed her in a jealous rage, law enforcement sources said yesterday.
Karla Giraldo told cops Monserrate cut her face with a broken drinking glass after he discovered she had another man’s police union card in [...]

Tracing Caroline Kennedy’s Finances

Tracing Caroline Kennedy’s Finances

There’s no doubt Caroline Kennedy is wealthy. As part of one of America’s most famous and well-off families, she counts ties to exclusive properties and institutions that date back generations.
With a bid for public office, many of those sensitive links normally become public, as they have for others vying for Hillary Clinton’s seat.
But not for [...]

Suspension Recommended for Judge-Elect

Suspension Recommended for Judge-Elect

The State Commission on Judicial Conduct recommended on Monday that Judge-elect Nora S. Anderson be suspended when she takes office next month in Manhattan Surrogate’s Court and that she not exercise judicial power until charges that she violated campaign-finance laws are settled.
The commission said in a letter to the Court of Appeals, the state’s highest [...]

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